IMP Powers Limited has responded to a clarification request regarding its financial results. The company was purchased as a going concern through an e-auction by Electrify Energy Private Limited in consortium with Shri Rakesh Ramanlal Shah. Subsequent to the acquisition, the Hon'ble NCLT, Ahmedabad, in an order dated 05.11.2024, allowed certain reliefs and concessions to the successful auction purchasers. The current management states that the financial reporting for which clarification is sought was handled by the office of the liquidator, and these details are not available to the new management, preventing them from commenting on the prior reporting. The company has previously requested the exchange via email dated 31.01.2025 for the revocation of the suspension on trading of shares and the listing of new shares to be allotted as per the NCLT order.
